Mark Cuban Speaks On Millennials, Keys To Success And The Future Of The Digital World
When you look up the definition of a "maverick," Webster's dictionary offers two results:
- A person who refuses to follow the customs or rules of a group
-An independent individual who does not go along with a group or party
These definitions bear an uncanny resemblance to the spirit of entrepreneur, billionaire, family man and owner of the Dallas Mavericks, Mark Cuban.
Mark’s path to success started rather humbly. Before he was selling billion-dollar companies, he was sneaking into MBA classes at Indiana University to prove to himself he was just as smart as those students.
Cuban certainly took the circuitous route, but, as Mark would tell you, “If I can do it, you can do it.”
I had the opportunity to speak with Mr. Cuban for an exclusive interview for Elite Daily, and we hit on a wide range of topics, from the dangers of social media, to his newest ventures and advice for Millennials.
A big topic of discussion was the issue of digital privacy. In 2014, we live in a world in which any and all information that you put on social media could potentially hurt you.
With his latest, and perhaps most aggressive media venture yet, Cyber Dust, Cuban hopes to combat the evolving concerns that surround our digital privacy. The key difference between Cyber Dust and the popular app, Snapchat, is the instant message deletion, which allows nothing to be stored. This leaves no history or digital trail.
Whether it’s personally or professionally, the wealth of information that we leave online sticks with us forever, even if it is “deleted.”
Cuban’s inspiration for Cyber Dust came from a personal struggle he had with the government:
Mark reflected on how vulnerable we are in the social media world:
So where does the risk truly come from?
Mark then expanded on what the Social Media boom means for kids entering the job field:
One of the most cumbersome parts of our everyday lives is our cluttered digital mailboxes. Weaving through thousands of e-mails is an unenviable and exhaustive process.
Add texting to that, and it can become overwhelming. Mark shared his insight on Cyber Dust’s new wave of mail consumption as we know it:
The Millennial Movement
The narrative quickly turned to Millennials, a topic near and dear to both Mark and Elite Daily’s heart. It may be a wildly overused word, but it is the word that has been attached to people born between the 1980s and 2000. It defines the texting and social media generation.
Every kid walking down the street has his head buried in his phone at all times. Mark Cuban has kids of his own, and knows this as well as anyone. Mark touched on working with Millennials, and how it differs from working with older, more established entrepreneurs.
So what intrigues Cuban the most about working with Millennials, particularly from a business standpoint?
Constantly developing products has made Mark an expert in identifying trends in the market, and Millennials are a perfect case study to tap into. When asked if he is targeting kids in terms of marketing, Mark spoke to potential changing of the guard from Snapchat to Cyber Dust:
Advice To Next Generation
No matter how successful you are, it’s imperative to continue growing and evolving every day. When we’re younger, we make mistakes. Sometimes they are costly mistakes. So what advice would Mark give a young person that he might not give to someone who is older?
With the rise and continuous growth of young entrepreneurs, the Millennials will soon start to take over major businesses. Mark discussed the differences in the mindset among Baby Boomers and Millennials:
If you thought you might see Mark Cuban dabble in other sports, don't get your hopes up. Mark is solely focused on his current franchise, the Dallas Mavericks:
A Look Inside Shark Tank
With so many legendary ventures under his belt, such as Broadcast.com and a championship with the Dallas Mavericks, perhaps the thing that Cuban is currently most known for is his starring role on ABC’s smash hit, “Shark Tank.”
Mark admitted that despite the show’s huge success, he wasn’t originally confident in the project when he first signed on.
Mark then shared a little known fact about the Sharks attire on the show:
Learning From The Past
When asked what personal experiences he learned from the most, Mark reflected on his college days and early career moments. His answers echo a sentiment that everyone can relate to:
The Key To Success
The tenacity and the energy that Mark Cuban brings on a daily basis is second to none. This is a man who has never taken his foot off the gas. There is no 9-5. His office hours are 24/7.
So when you’re tired and want to give up on something, remember that Cuban is grinding away at his seemingly endless array of endeavors. So with all that said, I asked Mark, "What is the key to your success?"
Photo Credit: WENN